Hudson Edge Investment Partners Inc. Acquires 2,015 Shares of Constellation Brands, Inc. (NYSE:STZ)

Hudson Edge Investment Partners Inc. boosted its holdings in Constellation Brands, Inc. (NYSE:STZ) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,779 shares of the company’s stock after buying an additional 2,015 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Constellation Brands were worth $5,697,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Constellation Brands in the fourth quarter worth $27,000. Union Bancaire Privee UBP SA bought a new stake in Constellation Brands in the 4th quarter valued at $28,000. Versant Capital Management Inc grew its position in Constellation Brands by 887.5% in the 4th quarter. Versant Capital Management Inc now owns 158 shares of the company’s stock worth $35,000 after purchasing an additional 142 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of Constellation Brands during the 4th quarter worth about $35,000. Finally, Eastern Bank bought a new position in shares of Constellation Brands during the 3rd quarter worth about $39,000. 77.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on STZ. UBS Group reduced their target price on shares of Constellation Brands from $265.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Barclays reduced their price objective on Constellation Brands from $282.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. TD Cowen lowered their price objective on Constellation Brands from $270.00 to $260.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. StockNews.com raised Constellation Brands from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Argus lowered shares of Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Constellation Brands presently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Constellation Brands Stock Up 2.1 %

NYSE STZ opened at $176.00 on Friday. The stock’s 50 day simple moving average is $194.29 and its 200 day simple moving average is $225.88. Constellation Brands, Inc. has a one year low of $160.46 and a one year high of $274.87. The firm has a market cap of $31.81 billion, a PE ratio of 47.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.10 and a quick ratio of 0.46.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a return on equity of 26.55% and a net margin of 6.27%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the company posted $3.19 EPS. Constellation Brands’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts forecast that Constellation Brands, Inc. will post 13.5 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Constellation Brands’s dividend payout ratio is presently 108.60%.

Insider Transactions at Constellation Brands

In related news, Director William T. Giles purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, with a total value of $186,390.00. Following the completion of the acquisition, the director now directly owns 1,463 shares in the company, valued at approximately $272,688.57. This trade represents a 215.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is owned by company insiders.

Constellation Brands Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.